SEC Delays Decision on SkyBridge Capital's Proposed Bitcoin ETF to August

The agency has extended its initial 45-day review period.

Jul 8, 2021, 3:03 AM

Updated Aug 21, 2021, 12:32 PM

Election 2024 coverage presented by

The U.S. Securities and Exchange Commission (SEC) has extended its review of SkyBridge Capital's application for a bitcoin exchange-traded fund, a filing by the U.S. regulatory agency shows.

Anthony Scarammuci's SkyBridge Capital submitted an application on May 6 to list and trade shares of the First Trust SkyBridge Bitcoin ETF Trust.
The SEC has extended its initial 45-day review period to Aug. 25.
The agency has received public comment on the application.
U.S. regulators have been extremely reticent to approve such investment vehicles, which would provide retail investors with access to the bitcoin market without having to own bitcoin itself. ETFs are a staple of many retirement portfolios.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

Greg Ahlstrand

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about